Following a leaked report claiming that the UK will only be offered a Canada-style trade deal, Liberal Democrat Brexit spokesperson Tom Brake said:

“It is possible that this paper has been leaked to put pressure on the British government, but it is a further sign of how far away we are from a deal.

“Far from getting the ‘deep and special’ arrangement Theresa May promised, the government risks lumbering Britain with an off-the-shelf, hand-me-down deal similar to Canada’s which would give no passporting rights to the financial sector.

“No wonder heads of companies ranging from Goldman Sachs to Honda are warning that the government is taking Britain to the very brink in pursuit of their crazed, extreme Brexit.”